Mgr, Actuarial

The area is responsible for the valuation and actuarial risk management reporting for individual annuities. This position has the responsibility of supporting both these functions.


The associate will coordinate the monthly valuation process, year-end valuation reporting requirements, system support initiatives, audits, state examinations and special requests.


He/she will also initiate the implementation and development of work plans relating to control, compliance and actuarial risk assessment initiatives. The associate will lead the development of methods to improve the valuation process and to organize formal documentation.


 Understanding actuarial reserve calculations associated with individual annuities and building tools that help validate these will be a key component of this job.

Specific Responsibilities are:

System Testing support the implementation of modifications to CARVM reserve calculations based on Actuarial Guidelines and product development.



Actuarial Risk Management build new reports to assist certain actuarial functions: financial modeling; valuation; product development.



Financial Reporting coordinate month end GAAP valuation and quarterly Statutory reporting.



Data Management lead database design and system development projects that occur within the Actuarial department.


MINIMUM REQUIREMENTS:


Demostrated employment experience with actuarial functions such as valuation, pricing, product development, or risk management.



Advanced experience in MS Excel and MS ACCESS.



Strong analytical/mathematical skills.



Experience in generating mathematical and statistical reports used in actuarial computation and documentation.



Actuarial credentials (e.g. ASA) are not required but the completion of a few actuarial exams would be helpful.



Creative problem solver.



Ability to work equally well independently and to direct a project in a team environment.



Knowledge of the individual annuity product line.



Strong background in Accounting, Finance and/or Financial Reporting is a plus.
Experience with AnnuityMaster, Triton or other valuation systems is helpful.

Other Comments:

This position requires a detail-oriented and very organized individual. In addition, the associate must understand the complexities of the individual annuity product line, comply with specific actuarial regulations, and follow controls relating to Sarbanes-Oxley requirements.


We offer a competitive salary, incentive bonuses based on your performance and excellent benefits including a pension plan, 401(k) and medical and dental coverage.


Prudential is an Equal Opportunity/Affirmative Action Employer and is committed to diversity in its workforce.

Education: Bachelors (BBA/BA/BS) or equivalent experience
Job Level: 1-3 Years
Percent Travel: No Travel